The contribution of this paper is to explain how to achieve a universally prosperous environmentally sustainable global society. This objective is incompatible with traditional economic policies dependent on environmentally exploitive growth in the population and/or full employment to generate...

This paper examines the effect of ownership concentration on engagement in corporate environmental responsibility (CER) in time and spatial dimensions. The time dimension focuses on the macroeconomic environment, in particular, periods of rapid and moderate-speed economic growth. The spatial...

We investigate how corporate environmental responsibility (CER) actions affect firm value. We adopt an event studies approach using two narrowly-decided 5-to-4 Supreme Court rulings and show that firms gain value when they are expected to increase their CER activities. The market reactions are...

Perception regarding a focal firm's corporate social responsibility (CSR) depends not only on itself but also on its known suppliers. This paper provides the first empirical evidence linking CSR and supply chain information disclosure together. Specifically, it uncovers robust evidence that...

Emerging economies such as China enjoy economic expansion but also face dramatic environmental challenges. China's government is a central actor in both stimulating economic activities and pursuing environmental protection. Drawing on panel data and in-depth interviews, we examined the influence...

Paper covers personal experiences relating to the relevant science, publications, negotiations, policies, measures, business responses, and sleight-of-hand which has gone around the author over many years

The strategic management of corporate sustainability tends to be approached from one theoretical perspective simultaneously in academic research and publications in mainstream journals. In corporate practice, however, a sustainability issue has different dimensions that cannot be captured if...

In the absence of sufficient support for the Kyoto Protocol, the international policy arena on climate change is far removed from being a 'level playing field'. Companies thus face much uncertainty about the competitive effects of the Protocol and (upcoming) regulatory measures. This means that...

Firms with excellent environmental scores donate more to climate-obstructionist politicians. Ownership by “brown” institutional investors who regularly endorse anti-climate politicians is a channel underlying this result. Green firms with more donations to obstructionists experience stock...

Purpose – With the acceleration of global integration and the deepening of the market economy, sustainable development is receiving unprecedented attention worldwide. Corporate environmental, social, and governance (ESG) performance is one of the most important ways of promoting sustainable...